Why are British Home Stores (BHS) Worth only GBP£1.00?

“
Perfection of means and confusion of goals seem - in my opinion - to characterize our age.”

Albert Einstein, (1879 - 1955), German-born US theoretical physicist. Out of My Later Years, chapter 14 (1950).

The obvious answere is because they make a loss; the less obvious answer is because they have nothing to offer the British public that the British public actually wants - they have lost contact with their market, demographic and customers and know no way to restore contact that does not involve the hard work they are too lazy to undertake.

legal threats: Racial harassment, discrimination and vicarious liability

problems with Muslims, Whites & Jews

the mediocre employed compared to the superior self-employed: Laziness couplked with greed - a deadly combination since the desire is there but the talent to achieve. The basic problme with the lower-class and the uneducated is a lack of ambition, something obvious at BHS since so few staff are inteligent, well-educated, resourceful, efficient, effective, motivated or motivating, etc.

“
If A is a success in life, then A equals x plus y plus z. Work is x; y is play; and z is keeping your mouth shut.”

Albert Einstein, (1879 - 1955), German-born US scientist. Quoted in: Observer (London, 15 January 1950).

BHS’s profitless decline as a symptom of poor management and culture

scapegoating to blame others for the inability to work as a team or to set and achieve cleary-stated goals. meaningless pseudo-philosophical gobshite-ing injunctions pasted to walls that no-one ever follows or wishes to. managing those one does not employ. Management with no ideas because they have no business experience.

each BHS employee

each COMPASS employee

communication skills, teamwork, initiative, interpersonal skills or ability with time management

Retail Acquisitions and Dominic Chapel could just be asset strippers if they decide not to turn BHS’s fortunes around - and there is not the slightest evidence they can; leading to the end of a 97-year-old company.

“
If men as individuals surrender to the call of their elementary instincts, avoiding pain and seeking satisfaction only for their own selves, the result for them all taken together must be a state of insecurity, of fear, and of promiscuous misery.”

Albert Einstein, (1879 - 1955), German-born US theoretical physicist. Out of My Later Years, chapter 7 (1950).

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